Prattco Creekway Industrial Acquires 174,821 SF Industrial Property In San Antonio From Ledo Capital Group
4958 Stout Drive
Building Size
174,821 SF
Asset Type
Industrial
Closing
Dec 6, 2023
AI
A 174,821-square-foot warehouse and manufacturing facility located at 4958 Stout Dr. in San Antonio has been sold in a recent transaction. The property is fully leased to two tenants and offers prime accessibility to Interstate 10 and Interstate 35 in the rapidly growing employment and residential hub of Northeast San Antonio. The sale was facilitated by JLL Capital Markets on behalf of the seller, Ledo Capital Group, and the buyer, Prattco Creekway Industrial.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Market: San Antonio
- Square Footage: 174,821
- Buyer: Prattco Creekway Industrial - Chad Lunsford
- Seller: Ledo Capital Group - Anthony J. Brent
- Brokers: Greer Shetler, Joshua Villarreal & Trent Agnew - JLL
- Date: December 6, 2023
The buyer, Prattco Creekway Industrial, was represented by Chad Lunsford from their team. On the other hand, Anthony J. Brent from Ledo Capital Group acted as the seller. The transaction was facilitated by the brokers Greer Shetler, Joshua Villarreal, and Trent Agnew from JLL. The property's prime location and diverse tenant base contributed to its appeal in the market.
Players
San Antonio Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93